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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $32,934 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $25,627 |
Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $7,105 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $70,923 | $79,181-10.4% | $102,423-30.8% | $74,429-4.7% |
| Participation rate | 98.6% | 74.8%+23.8pp | 76.5%+22.1pp | 67.2%+31.4pp |
| Annual return | 11.34% | 54.97%-43.6pp | 29.42%-18.1pp | 1368.38%-1357.0pp |
| Employer contribution / active EE | $5,240 | $2,362+121.9% | $3,023+73.3% | $2,625+99.6% |
| Participant deferral / active EE | $10,976 | $4,416+148.6% | $5,054+117.2% | $4,348+152.4% |
| Admin fee / account holder | $404 | $2,002-79.8% | $9,455-95.7% | $1,944-79.2% |